Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Share Application Money

180 views

Save Share

Darshini V

28 Points Posted on 28 August 2020

Can share application money be in the form other than cash like assets etc??If it cannot allot shares can it write off it's assets or transfer that amount into any reserves(if share application money is in the form other than cash)

Replies (2)

Quick Summary

This discussion delves into whether 'share application money' can be accepted in forms other than cash, like assets. It questions the possibility of writing off assets or transferring non-cash funds into reserves. The conversation also touches upon how shares themselves might be issued for non-cash consideration.